Political News and Commentary from the Right

Here’s the trailer for the movie that promises to educate voters of the fallacy inherent in the economic policies of Obama and his far left handlers. By contrasting Obama’s philosophy with President Ronald Reagan’s, often using their own words, it should become obvious to anyone with a measurable IQ which president sought to trust the American people with real freedom. Catch it this fall, but here’s a taste…

“Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. — Winston Churchill

Without question, people who zealously guard their freedoms, love their country, and want a better future for their children lost a big battle on Sunday. Yes, Republicans in the House fought skillfully and won the battle with the public, but the legislative chicanery, bribery, and utter disdain for the will of the people won the day for the Left.

Democrats in extremely red districts proved ready and willing to sacrifice their jobs in November to pass the bill. The Stupak block, which held firm for weeks, joined hands with the pro-abortion crowd to federally fund abortions for the first time in our history. The Democrats in Congress didn’t care about the rules, they didn’t care about the consent of the governed, and they didn’t care about what is good for the country. This is a socialist power grab, pure and simple, and a little bit of what has made this a great country died writhing on the floor of the House last night.

The Democrats are calling this a historic moment. So it is. Of course, the same could be said of the crash of the Hindenburg, the sinking of the Titanic, and the start of the Civil War…

The Reverend Al Sharpton, recently appointed as President Obama’s new ambassador to the black community, says the American people “overwhelmingly voted for Socialism when they elected President Obama.”

Now we have it. Welcome, comrades, the the Union of Socialist States of America!

The White House is considering a new policy that would give an advantage in bids for billions in government contracts to companies that pay workers “living wages” and offer generous benefits.

WND has learned the “living wage” campaign has long been pushed by the radical Association of Community Organizations for Reform Now, or ACORN, and was largely initiated on a local level in the 1990s with the help of a socialist party of which evidence suggests Barack Obama was a member.

Critics warn a living wage advantage for more than $500 billion in government contracts could harm small companies, with case studies showing cities that enacted similar policies in the 1990s faced major financial losses. Business groups who oppose the plan say also it would increase government procurement costs.

The Associated Press obtained documents outlining the White House plan. The documents reportedly show the government would examine the wages and benefits – such as health insurance, retirement benefits and paid leave – a firm pays its employees as a factor in the process of awarding government contracts. Another factor would be whether a contract bidder is a repeat violator of labor and employment laws.

A Labor Department compliance office would compile a score on contract bidders based on the criteria and then determine which companies would get government contracts.

Writing about a similar policy that was being considered in Chicago in 2003, Steven Malanga of the City Journal stated the movement “sneaks socialism into cities.”

The week between Christmas and New Year’s Day is usually a week when Americans slow down and take some time off. Kids are out of school, many companies are shut down or slowed down, and quite a few families are on vacation. Congress is even on vacation, minimizing the damage they typically inflict on the wallet of the American taxpayer.

This year the Obama administration took advantage of the holiday distractions to seize control of GMAC, the financing arm of General Government Motors Corp. This third bailout of the company that writes loans for Government Motors and Chrysler Corp. vehicles resulted in the US government increasing its ownership share of the company to 56.3%. This, of course, once more gives the Obama administration controlling interest in what had been a privately owned company.

When the Bush administration signed off on the first $6 billion GMAC received from the US taxpayer, officials in the former President’s Treasury Department considered it “part of a broader program to assist the domestic automotive industry in becoming financially viable.” But in May 2009, the Obama administration handed over another $7 billion in taxpayer wages to the beleaguered finance arm of what was soon to become the first US government owned auto maker.

The second bailout netted the Obama Treasury Department a 35.8% stake in the corporation, and an agreement GMAC would take on the additional liability of financing customers of Chrysler Corp. This followed almost immediately after the President took an 8% stake in Chrysler for the US taxpayer and handed over a 55% controlling interest to the unions.

Much of the initial money will go to help GMAC shoulder new lending responsibilities for Chrysler dealers and consumers after Chrysler’s government-orchestrated Chapter 11 bankruptcy filing last month. As part of the Chrysler reorganization, the government in effect dissolved Chrysler Financial and handed its business to GMAC, creating one big auto-financing arm that would service both companies.–WSJ, May 21, 2009

President Obama had already invested billions in Chrysler and plans to secure US government ownership of General Motors were in the works. Bailing out GMAC became an easy way to launder even more bailout cash to the President’s experiment with union and government ownership of former US industrial icons. As with other stones forming the foundation of Obama’s economic policies, funneling money to the automakers through loans to their customers didn’t prove too solid.

But that’s not something the President is willing to admit yet–that his policies for stimulating the economy have failed. No, his newest plan is to throw good money after bad and pile another $3.8 billion of YOUR money onto the still smoldering pile of waste known as GMAC.

The first $6 billion wasn’t enough to rescue the financial firm and its now-nationalized benefactors of its bad loans. The next $7 billion couldn’t save it, but did put Obama in control of 35.8% of the company. The second bailout also allowed the President to twist the arm of the company and force it to agree to loan more money to customers of GM, which Obama would soon nationalize, and Chrysler, which the President had recently handed over to his union backers.

Though neither of these bailouts accomplished their (supposed) goal, our omnipotent, omniscient oracle Obama, in his infinite wisdom, has determined the solution to the problem is to pour more of your hard-earned tax dollars into the bankrupt corporation, $3.8 billion more. But don’t worry! The President who brought us $1.4 trillion deficits and a $12 trillion national debt has traded our greenbacks for a controlling interest in the company.

That’s right. We now own 56.3% of a company that can’t attract private capital because it can’t manage to stem the flow of red ink from its books. A company that cannot, on its own merits, attract private capital. President Obama is forcing all American taxpayers to borrow money to purchase a portfolio of profitless companies controlled by politicians and bureaucrats.

So congratulations taxpayers! Like it or not, you own yet another failed corporation run by Chairman Obama.

ARRA News Service – We received an advance copy of tomorrow’s cartoon from NetRight Nation. It was just too good to pass up “The Obama Joker.” This cartoon seemed appropriate, considering the facts that 1) President Obama twisted the arms of the Democrat Senators today to support his demands to pass a national health care program regardless of what they may hear from their constituents, and 2) the fact that Obama’s key economic advisers indicated that taxes will need to be increased on the middle class. As the cartoon illustrates, Socialism requires lots of money and therefore a lot more taxes.By William Warren:

You read that correctly. According to Democratic Governor of Tennessee Phil Bredesen went to DC to convince Government Motors to build a new model car in the soon to be shut down assembly plant in Spring Hill, TN. The Democratic Governor stated GM demanded cash up front–you know, sort of like a leave-it-in-an-envelope-on-my-desk-as-you-walk-out- if-you-want-our-car-built-in-your-state bribe.

“The only one they want to know is how much cash can we put up front, we don’t care about tax credits, we don’t care about any of those other things, we want to know how large of a check are you going to write on the front-end,” said Bredesen.

Ahhh, the beauty of having the Chicago political machine wielding its influence from White House. Expect more and more of this type of thing as this crowd gains control of more and more of the American economy.

Last week, General Motors finally declared bankruptcy. Many in government thought $20 billion in taxpayer dollars would save the company, but as predicted, it only postponed the inevitable. The government will dump another $30 billion into GM and take a 60 percent controlling interest for it. Public officials are now involving themselves in tactical business decisions such as where GM’s headquarters should move and what kind of cars it will build.

The promise that this is temporary and will eventually be profitable is supposed to ease the American people into accepting this arrangement, but it is of little comfort to those who remember similar promises when the American taxpayers bought Amtrak. After three years, government was supposed to be out of the passenger rail business. 40 years and billions of dollars later, the government is still operating Amtrak at a loss, despite the fact that they have created a monopoly by making it illegal to compete with Amtrak. Imagine what they can now do to what is left of the great American auto industry!

In a truly free market, GM would get your money one way and one way only — by selling you a car you want, at a price you are willing to pay. Instead, the government is giving public money to a private company in spite of the market signals it has been sending. Throwing money at GM does not stop it from being an engine of wealth destruction; on the contrary, it simply gives it more wealth to destroy.

Had it been allowed to fail naturally, the profitable pieces of GM would have been bought up and put to good use by now. The laid off employees would likely have found new jobs and all that capital would be in private hands, reinvested in companies that produce products demanded by consumers. Instead, we are all poorer now.